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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?
(1) Andhra Pradesh
(2) Tamil Nadu
(3) Kerala
(4) Karnataka
Correct Answer: 1
.
Related Questions
Money & Credit
1
Which one of the following authorises money as a medium of exchange?
(1) Reserve Bank of India
(2) Self Help Groups
(3) The Central Government
(4) The President of India.
Correct Answer: 1
2
Which households take more loans from the formal sector ?
(1) Poor households and rich household.
(2) Well off households and households with few assets.
(3) Poor households and well off households
(4) Well off households and rich households.
Correct Answer: 4
3
Banks use the major portion of the deposit to :
(1) Keep reserve so that people may withdraw
(2) Meet their routine expenses
(3) Extend loans
(4) Meet renovation of the bank
Correct Answer: 3
4
Terms of credit are with respect to :
(1) interest rate
(2) collateral
(3) documentation
(4) all the above
Correct Answer: 4
5
Currency is issued by:
(1) RBI on behalf of central government
(2) By president of India.
(3) By finance minister
(4) None of them
Correct Answer: 1
